DAMODARAN: 3 Things Need To Happen For Bitcoin To Be Successfulhttp://www.businessinsider.com/damodaran-on-bitcoin-2014-3/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Sun, 02 Aug 2015 16:56:11 -0400Steven Perlberghttp://www.businessinsider.com/c/531e066b6da811215675bc1cbldigrrnMon, 10 Mar 2014 14:37:31 -0400http://www.businessinsider.com/c/531e066b6da811215675bc1c
Bitcoin truly is in an existential dilemma: "If the focus is on privacy, security and anonymity, I am afraid that the dark side will win out and it will become the currency of the paranoid and illegal"
Too popular, and the "dark side" fanboy element goes away. Too obscure and what's the use?
My long-term guess is that non-government cryptocurrencies don't become widely adopted, as real world currencies shift to providing the ease and convenience, but not the anonymity, of online currencies. Black market transactions are conducted in some other hard asset that is convertible to "online dollars", as cash becomes obsolete.http://www.businessinsider.com/c/531e05666bb3f7a20b6a69d2bldigrrnMon, 10 Mar 2014 14:33:10 -0400http://www.businessinsider.com/c/531e05666bb3f7a20b6a69d2
*check that: meant to say the Fed calls back dollars by having the Treasury retire its debt (i.e. Fed sells its bond holdings back to the government).http://www.businessinsider.com/c/531e04b86da8110a4c75bc1cbldigrrnMon, 10 Mar 2014 14:30:16 -0400http://www.businessinsider.com/c/531e04b86da8110a4c75bc1c
Not sure what "rush" you are referring to. I'm guessing you heard that somewhere and decided you liked the conspiracy component.
China is refusing to debase their currency- is the PBOC not a major central bank?
In case you're wondering, the Fed has not debased the dollar, even with QE, because:
1. They reserve the right to call back their dollars (and historically do so by retiring Treasuries), thus sending a signal to the economy that nothing has permanently shifted.
2. A currency debasement is a dilution of value. We have seen not the slightest uptick in inflation in years.
Would you perhaps consider re-thinking your position on this matter? It sounds like you (and obviously countless others) need to research it more before lashing out at The Man.http://www.businessinsider.com/c/531e037469beddd5584bbd0abldigrrnMon, 10 Mar 2014 14:24:52 -0400http://www.businessinsider.com/c/531e037469beddd5584bbd0a
It's true- Damodaran is THE expert on valuation, or putting a price on a company. He's not just your typical academic- he's the world's leading expert. His website is chock full of great tools and models.http://www.businessinsider.com/c/531de2ffecad04aa2b932fcaSam DenhaMon, 10 Mar 2014 12:06:23 -0400http://www.businessinsider.com/c/531de2ffecad04aa2b932fca
All the jibber jabber about ordinary people being hacked is malarkey.
The Mount Gox fiasco was an inside job.http://www.businessinsider.com/c/531dc8e069bedde2764bbd0a r cohnMon, 10 Mar 2014 10:14:56 -0400http://www.businessinsider.com/c/531dc8e069bedde2764bbd0a
the reason why Bitcoin has any credibility at all is the rush of all major central banks to debase their currencyhttp://www.businessinsider.com/c/531dc388ecad04c547932fc3teddybeingteddyMon, 10 Mar 2014 09:52:08 -0400http://www.businessinsider.com/c/531dc388ecad04c547932fc3
1) this guy is brilliant, I was first introduced to him after he discussed the rationale/valuation for the WhatsApp acq. Stud.
2) Bitcoin is stupid. I respect the VCs and all the hippies trying to fight the power, but if you run a decision tree including the probabilities of these 3 things happening the expected outcome is shame and embarrassment. Give up on Bitcoin, the highest and best use of your time is not trying to stick it to the regulators by creating fools gold just because you're mad they tried to regulate crowdfunding. VCs..don't you have a fiduciary duty to be honest with your investors and give up on this fruitless fools errand?
But Aswan is pure gold.